UK government statistics for the Annual Tax on Enveloped Dwellings (ATED) published on 31 March 2021 show a fall of eight percent (£11 million) in total receipts for the 2019/2020 financial year.
Introduced in 2012 to deter the ‘enveloping’ of high value residential property in corporate structures that had conferred certain tax advantages which the government sought to close, in 2015/2016 the Exchequer increased the levy by 50 ...